Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

(DAI)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Daimler : Mercedes-Benz continues worldwide growth in unit sales at the beginning of fourth quarter

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/07/2019 | 04:50am EST
  • Last month, Mercedes-Benz surpassed its previous bestselling October with deliveries of 199,293 cars (+4.9%).
  • From January to October, a total of 1,924,536 vehicles were sold and worldwide deliveries increased by 1.0% compared with the same period of last year.
  • In China, the biggest market for Mercedes-Benz, record unit sales were achieved in both October and the first ten months of the year.
  • 'We are satisfied with the unit sales achieved by Mercedes-Benz at the beginning of the fourth quarter, also in the context of the high prior-year basis. In view of the challenging environment for the entire industry, we can be proud of the impulses provided by our product offensive. And we are delighted with the positive feedback from customers on our new models,' stated Britta Seeger, Member of the Board of Management of Mercedes-Benz AG responsible for Marketing & Sales.

Stuttgart. Mercedes-Benz sold 199,293 cars worldwide in October, thus surpassing the prior-year month, which had been the bestselling October for the brand with the three-pointed star, by more than 9,000 units (+4.9%). The growth in October was largely driven by the new A-Class Saloon and the new GLC. The C-Class Saloon and Estate also boosted unit sales once again last month. Deliveries by Mercedes-Benz increased again in the months of January to October: sales of 1,924,536 cars with the star were 1.0% higher than in the prior-year period.

In the first ten months of the year, Mercedes-Benz maintained its market leadership in the premium segment in markets including Germany, UK, France, Spain, Belgium, Switzerland, Poland, Portugal, Denmark, Turkey, South Korea, Australia, Thailand, Canada, Republic of South Africa and other markets.

'We are satisfied with the unit sales achieved by Mercedes-Benz at the beginning of the fourth quarter, also in the context of the high prior-year basis. In view of the challenging environment for the entire industry, we can be proud of the impulses provided by our product offensive. And we are delighted with the positive feedback from customers on our new models,' stated Britta Seeger, Member of the Board of Management of Mercedes-Benz AG responsible for Marketing & Sales. 'In addition to the new compact cars, our new SUVs are also extremely popular: With the GLC and the GLC Coupé, we actually set a new record for an October. This means that the GLC is well on its way to become the bestselling SUV in the Mercedes-Benz portfolio once again in 2019.'

Mercedes-Benz unit sales by region and market

A total of 81,017 Mercedes-Benz cars were delivered in the Europe region in October - a new October record (+1.3%). From January to October, unit sales in the region increased by 0.6%. In the core market of Germany, deliveries increased by 5.3% to the number of 30,763 vehicles. This means that in the first ten months of the year, unit sales in Germany were significantly higher than in the prior-year period with a plus of 5.0%. In Poland, Sweden, Portugal, Denmark and Hungary, new records were set for unit sales in an October.

In the Asia-Pacific region, Mercedes-Benz posted best ever sales in October; deliveries increased by 10.9% to 80,312 units sold. A key driver once again was China, the region's core market. With 57,142 Mercedes-Benz cars sold in October (+13.8%) and 583,032 from January to October (+5.8%), two new records were set for unit sales. In addition, in South Korea, more Mercedes-Benz cars were sold than ever before in an October.

Unit sales in the NAFTA region increased slightly in October compared with the prior-year month to the number of 33,264 cars (+1.5%). In the United States, the region's core market, sales were also slightly higher than in October last year with a total of 27,867 units delivered (+1.2%). As in September, deliveries in Canada increased once again in October.

Mercedes-Benz unit sales by model

Sales of compact cars remained at record levels both in October and in the first ten months of the year: 546,100 units of the A- and B-Class, CLA Coupé, CLA Shooting Brake and GLA were delivered in the first ten months of this year (+9.8%), and deliveries in this segment increased last month by 3.3%. Within this category, worldwide sales were driven in particular by the A-Class Saloon. The sales of the new CLA Coupé also had a positive effect, among other things with two-digit growth in Europe.

Worldwide deliveries of the C-Class Saloon and Estate increased in October by 6.5% to 31,800 units, and deliveries of 335,100 units in the first ten months of the year were also higher than in the prior-year period (+1.3%). The long-wheelbase version of the C-Class Saloon posted new records both last month and from January to October. Overall, the C-Class has been the bestselling model from Mercedes-Benz for more than ten years.

A new record was achieved in the SUV segment for October: More than 69,500 units of GLA, GLC, GLC Coupé, GLS and G-Class were in line with a sales increase of 2.2% last month. In particular, the new GLC and GLC Coupé, the GLE and the G-Class have achieved double-digit growth. The new GLC and the GLC Coupé also reached a new record value for deliveries in October.In particular, the new GLC and GLC Coupé, the GLE and the G-Class have achieved double-digit growth. The new GLC and GLC Coupe also recorded a new maximum value for deliveries in October.

smart

From January to October, 96,245 vehicles of the smart brand were delivered worldwide (-10.5%). Unit sales in Germany, France and Austria in the first ten months of the year were once again significantly higher than in the prior-year period. With the current generation of smart's two-door and four-door urban microcars, the development of unit sales was affected in October by lifecycle factors due to the upcoming model update that was presented at the Frankfurt Motor Show in September, in combination with very high unit sales in the prior-year period.

Overview of Mercedes-Benz Cars unit sales

October 2019

Change in %

Jan. - Oct. 2019

Change in %

Mercedes-Benz

199,293

+4.9

1,924,536

+1.0

smart

8,469

-24.4

96,245

-10.5

Mercedes-Benz Cars

207,762

+3.2

2,020,781

+0.4

Mercedes-Benz unit sales in the regions/markets

Europe

81,017

+1,3

773,550

+0,6

- thereof Germany

30,763

+5.3

259,500

+5.0

Asia-Pacific

80,312

+10.9

811,591

+3.1

- thereof China

57,142

+13.8

583,032

+5.8

NAFTA

33,264

+1.5

298,411

-2.1

- thereof USA

27,867

+1.2

252,079

-0.3

Disclaimer

Daimler AG published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 09:49:07 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DAIMLER AG
12/13Driven by Geely, Malaysia's Proton sees profitability in 2019 - CEO
RE
12/12Nokia, Daimler, others agreed to mediation to resolve licencing dispute
RE
12/12MERCEDES-BENZ GLB 250 : An Adorable, and Affordable, High-End SUV
DJ
12/12DAIMLER : Trucks & Buses plant in Brazil opens an "urban farm" for growing its o..
PU
12/10DAIMLER : Freightliner Configurator Tool Helps Medium-Duty Customers Spec Trucks..
AQ
12/09Flying cars could lure investors away from ground-based services - survey
RE
12/09SK Innovation to supply batteries for Mercedes hybrid car in China
RE
12/06The Week's Gainers and Losers on the Stoxx Europe 50 --Dec. 2-6
DJ
12/05BAIC Motor, Daimler to Increase Capital in Chinese Car-Leasing JV
DJ
12/04DAIMLER : Mercedes-Benz USA reports November Sales of 33,721 Vehicles, up 8.7% f..
PU
More news
Financials (EUR)
Sales 2019 173 B
EBIT 2019 6 895 M
Net income 2019 4 308 M
Finance 2019 11 582 M
Yield 2019 3,83%
P/E ratio 2019 12,8x
P/E ratio 2020 8,95x
EV / Sales2019 0,25x
EV / Sales2020 0,25x
Capitalization 54 166 M
Chart DAIMLER AG
Duration : Period :
Daimler AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DAIMLER AG
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 50,68  €
Last Close Price 50,63  €
Spread / Highest target 67,9%
Spread / Average Target 0,10%
Spread / Lowest Target -30,9%
EPS Revisions
Managers
NameTitle
Ola Kaellenius Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Harald Wilhelm Chief Financial Officer
Clemens A. H. Boersig Member-Supervisory Board
Sari Maritta Baldauf Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DAIMLER AG10.28%60 251
TOYOTA MOTOR CORPORATION26.39%199 250
VOLKSWAGEN AG31.95%101 357
BMW AG7.31%54 373
HONDA MOTOR CO., LTD.15.04%51 638
GENERAL MOTORS COMPANY6.58%50 936